Rensselaer Republican, Volume 26, Number 26, Rensselaer, Jasper County, 22 February 1894 — INDIA’S SILVER CRISIS. [ARTICLE]

INDIA’S SILVER CRISIS.

The Government Charged With r.c&petui ■' : —MHty for the Trouble. A Calcutta cable, Feb. 12, say 9: Thfl radian Currency Association has entonA a protest, which has boon addressed to tlb government, In regard to tho disorganization of trade in consequence of tho changes in tho silver policy. The protest •ays that the present stato of affairs •hows that tho closure of tho mints did not do any harm, though its advantages were temporarily suspended by tho abnormal Importations of silver, of piece goods and through other causes. Continuing, tho association savs that tho government abandoned the minimum price for council bills at the moment success was assured and that this resulted in a panic, and that It is now imperative to restore confidence. The Indian Currency Association then recommends the fixing of a minimum price for council bills, the prohibition of tho import of silver for private account, •nd that the sale of council bills be intrusted to an agent appointed by the Indian Finance Minister. A few dissenting •ptnlons from the above are recommenddtfons and U»e reopening of nftrtt.